Compliance and Protecting Personal Information

tl;dr How we protect personal information while complying with existing laws and regulations. Recently, we’ve received questions about why we occasionally review specific accounts and ask for more detailed personal information about the owners of those accounts. In short, we do this to meet our regulatory obligations. Here’s a more detailed explanation: At Coinbase, we …

Blue Chip NFTs 101 – With Mint Impending, Is y00ts A Blue Chip Lock?

Our Blue Chip NFTs 101 series is now approaching six months in the making, and we’ve taken healthy deep dives into some of the biggest NFT projects in the market; while everyone has heard of Bored Apes and CryptoPunks, we’ve taken the time to provide hefty due diligence around other major blue chip projects like …

New Report Says Bitcoin Daily Trading Volumes Are Fake, So What’s The Real Number?

Bitcoin trading volumes have always surpassed expectations in the past. Last week, celebrations filled the community as the digital asset had reportedly seen more than $1 trillion transacted on the network so far. However, a new report claims that the trading volumes reported by exchanges may be inflated. The main number, they predict, to be …

Avalanche Price Slips At $30 As AVAX Eyes Key Support

The price of Avalanche (AVAX) slips at $30 against Tether (USDT) as Avalanche (AVAX) eyes key support to hold the price from selling off. AVAX showed great strength rallying to a high of $30 but was rejected as Bitcoin’s (BTC) price continued to go lower, affecting the price of AVAX from trending higher. (Data from …

Ethereum Might Crash After The Current Supply Zone, Analysts Predict

The crypto market is spiraling downwards, especially Ethereum and other altcoins. The overall market cap lost $50 billion last weekend, leaving the current figure at $950 billion. Unfortunately, it eventually lost the $1 trillion mark. The price fall in Bitcoin, Ethereum, and other crypto caused the recent plunge. The trend emerged after the August 26 …

Bitcoin Price Rebounds After Falling Below The $20,000 Mark

The crypto market capitalization has just dived below the $1 trillion mark. We’re not surprised, given the recent negative turn of events. Bitcoin itself has plummeted below the $20k mark. Now BTC price is at $20,143. The case is also not better for altcoins. Ethereum, the second colossal crypto, has also recorded some losses in …

Ripple counsel: SEC’s shakedowns leave consumers holding the bag

Ripple Labs General Counsel Stu Alderoty has hit back at a recent opinion piece by Security and Exchange Commission chairman Gary Gensler, arguing that the regulator’s crypto market shakedowns aren’t protecting consumers.  In an Aug. 28 opinion piece on the Wall Street Journal (WSJ) titled “The SEC Wants to Be America’s Crypto Cop,” Alderoty claimed …

FBI issues alert over cybercriminal exploits targeting DeFi

The U.S Federal Bureau of Investigation (FBI) has issued a fresh warning for investors in decentralized finance (DeFi) platforms, which have been targeted with $1.6 billion in exploits in 2022.  In an Aug. 29 public service announcement on the FBI’s Internet Crime Complaint Center, the agency said the exploits have caused investors to lose money …

AAG Ventures rebrands to venture into Metaverse

AGG ventures have rebranded to AAG, according to its latest post on Twitter. The firm announced today that the new name would come into effect before the month runs out. The announcement indicates that the rebranding is aimed at enhancing AAG’s focus on Web 3.0 and Metaverse. Henceforth, the firm will be working to initiate …

Iran approves the usage of crypto for importation

The government of Iran has officially adopted the use of crypto for its importation. The country’s Industry, Mines and Trade Minister, Reza Fatemi Amin, made this known on Monday. With this approval, Iran intends to evade the US’s sanctions placed on its finance and banking sector. Transactions regarding importation into Iran will now be completed …

Mendoza to adopt crypto for tax payments

A popular metropolis in Argentina, Mendoza has announced its intention to receive taxes on cryptos. This development was confirmed by the general director of the Mendoza tax administration authority, Nicolas Chávez. According to Chavez, the province has already implemented an efficient mechanism to enable its taxpayers to pay their taxes with cryptos. The general director …

Crypto Mining Giant Says Ethereum’s Upcoming Merge Presents Risk of Censorship

Crypto mining pool AntPool is issuing a notice to its users as Ethereum’s (ETH) highly anticipated update dubbed The Merge approaches. In a new blog post, AntPool says that it will not be supporting its users’ assets on the new proof-of-stake (PoS) Ethereum chain, citing censorship risk. “As ETH2.0 (The Merge) comes along with the …

Ripple CEO Brad Garlinghouse Addresses Rumors Spread by Alleged Whistleblower

The CEO of payments firm Ripple, Brad Garlinghouse, is speaking out on allegations made against him by a crypto whistleblower. The whistleblower known as Crypto Leaks alleged that attorney Kyle Roche had said that Garlinghouse was an angel investor in Roche Freedman – a law firm Roche focused on suing players in the crypto industry. …

Half a Billion XRP Worth Over $161,000,000 Leaves Crypto Exchange Kraken: On-Chain Data

On-chain data reveals that an XRP whale transferred more than $160 million worth of XRP from a top crypto exchange. According to blockchain tracker Whale Alert, XRP valued at approximately $161.2 million was moved from crypto exchange Kraken to an unknown wallet. “500,000,000 XRP (161,221,368 USD) transferred from Kraken to unknown wallet.” The transaction cost …

Lawyer Roche alleges statements he made about Ava Labs are false, the result of intoxication

Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and Ava Labs, responded Monday in a post on Medium. Like Ava Labs CEO Emin Gün Sirer, Roche denied the existence of any secret agreement between the parties. Roche claimed that the recordings that have …

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